This report was authored by the U.S. Energy Information Administration and published in February 2021. Utilizing the National Energy Modeling System, various energy projections to 2050 are provided. Energy consumption fell faster that GDP in 2020 and “will take years” to return to 2019 levels, the analysis concludes. Demand for transportation fuels will return to 2019 levels in 2025. Petroleum will remain the most consumed fuel, while coal and nuclear generating capacity will gradually be replaced by natural gas and renewable technologies. High natural gas production will support exports and industrial use. The reports sets out a variety of projections related to energy consumption, GDP, carbon dioxide emissions by fuel type, and electricity use by end-use sector projections based on different assumptions.
Key words: Energy Management, Market Sizing, Natural Gas, Research & Development, Utilities, Transportation